From the Financial Times: EU banks face new stress-testsA new round of co-ordinated stress-tests on European banks would begin in February ... The “scope and methodology” of the new round of tests was still under discussion, [Olli Rehn, EU commissioner for economic and monetary affairs ]said, but should be disclosed fairly shortly.The last round of stress tests were heavily criticized - and all of the Irish banks passed the tests only to fail a few months later.And from the NY Times: Iceland Breaks Out of RecessionIceland broke out of recession in the third quarter of this year, official data showed Tuesday ... Unlike Ireland and Greece ... Iceland allowed private banks to fail, and its currency, the krona, has declined by about 46 percent against the dollar since the start of 2008.That isn't currently an option for Ireland, Greece, Portugal or Spain ...NY Times:http://www.nytimes.com/2010/12/08/business/global/08icecon.html?_r=1
Hi Scrat, Iceland told the bankers/bondholders to get lost. thats why they will be growing and creating jobs.Ireland is run by bankers whores like lenihan who get orders from Rothschild/Goldmans,
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